RNS Number:7574Q
FRM Credit Alpha Limited
25 March 2008


                               FRM Credit Alpha

                          Final NAV 29th February-2008


FINAL MONTHLY NAV





FRM Credit Alpha Limited (the "Company")



Final Net Asset Value GBP Shares as at 29th February 2008

The final net asset value per GBP share as at the close of business on 29
February 2008 was 113.2 pence

This valuation, which has been prepared in good faith by the Company's
Administrator, is based principally on formal valuations supplied to the Company
by the administrators of the Company's underlying investments.  Such valuations
or estimates are unaudited and may not comply with generally accepted accounting
or valuation principles.

Sedol: B1QH6J2

ISIN:   GG00B1QH6J27








                      This information is provided by RNS
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